Fees, Expenses, Agreements and Related Party Transactions (Tables)

6 Months Ended

Jun. 30, 2026

Fees, Expenses, Agreements and Related Party Transactions

Schedule of expense payments and the related reimbursement payments

As of June 30, 2026, under the ELRA, the amounts eligible for potential recoupment with respective expiration dates are as follows (dollar amounts in thousands):


For the Quarters Ended	Expense Payments by Manager		Reimbursement Payments to Manager		Unreimbursed Expense Payments		Effective Rate of Distribution per Common Share (1)			Reimbursement Eligibility Expiration	Operating Expense Ratio (2)
September 30, 2023		1,029		—		1,029		0.00	%	September 30, 2026		1.01	%
December 31, 2023		1,227		—		1,227		10.94	%	December 31, 2026		1.33	%
March 31, 2024		795		—		795		10.90	%	March 31, 2027		0.81	%
June 30, 2024		953		—		953		10.85	%	June 30, 2027		0.96	%
September 30, 2024		511		—		511		14.18	%	September 30, 2027		0.56	%
December 31, 2024		680		—		680		12.96	%	December 31, 2027		0.68	%
March 31, 2025		413		—		413		11.54	%	March 31, 2028		0.39	%
June 30, 2025		474		—		474		13.68	%	June 30, 2028		0.41	%
September 30, 2025		1,323		—		1,323		13.33	%	September 30, 2028		0.84	%
December 31, 2025		1,285		—		1,285		13.35	%	December 31, 2028		0.75	%
March 31, 2026		667		—		667		10.27	%	March 31, 2029		0.37	%
June 30, 2026		670		—		670		10.30	%	June 30, 2029		0.34	%
	$	10,027	$	—	$	10,027

(1)

The effective rate of distribution per share is expressed as a percentage equal to the projected annualized distribution amount as of the end of the applicable period (which is calculated by annualizing the regular monthly cash distributions per share as of such date without compounding), divided by the Company’s gross offering price per share as of each quarter ended.

(2)

The operating expense ratio is calculated by dividing the quarterly operating expenses, less organizational and offering expenses, shareholder servicing and/or distribution fee, base management fee and incentive fees owed to the Manager, and interest expense, by the Company’s net assets as of each quarter end.

Schedule of aggregate fair value of transactions with affiliates


Date	Fair Value (in thousands)
March 13, 2023	$	22,206
March 28, 2023		1,622
March 31, 2023		1,843